Post
Topic
Board Economics
Re: Markets taking profit
by
FanEagle
on 21/04/2021, 19:07:32 UTC
Since the start of the COVID (in practice) to now, most indexed have exceeded their average returns, not to mention bitcoin. A movement such as this is a consequence and it may still be followed by more falls without meaning anything other than a profit taking and some caution around the ATHs.
I believe profit taking is a good move when the market is in need of money, but is it already done? I mean I do not know if it is already done going up. It is happening in bitcoin as well, there are people who are trying to take their profits so that they can live a better life, many people made a lot of money, but that doesn't mean that it's done, that doesn't mean that they should stop, it is really not a smart idea to let these things happen this way, they should be more careful and they should be doing something much more profitable than just taking out their profits.

This is why I believe there is nothing we should be worried about the future of these prices, bitcoin, nasdaq, any stock market really, gold, oil whatever we are talking about, if you are taking profit right now, I feel like you are running away early and not finishing the race.